Nordics
-
OP Mortgage Bank made a successful return to the covered bond market on Friday, taking advantage of improved market conditions to print a €1bn seven year soft bullet.
-
Covered bond bankers could soon be dealing with a new issuer if plans to separate the Norwegian business of SkandiaBanken AB go ahead. Moody’s has assigned a provisional Aaa rating for the new entity which will be known as Skandiabanken Boligkreditt AS.
-
Swedish Export Credit Corporation had to brave turbulent conditions on Friday to wrap up a flurry of dollar benchmarks from public sector issuers this week. -
Pohjola Bank’s next capital markets issue will likely be a covered bond, meaning investors waiting for a euro tier two deal scheduled for June may have even longer to wait.
-
Danish covered bond auctions this week attracted strong demand, especially in the five year tenor where yields are double what is available in the eurozone.
-
TF Bank, a Swedish fintech business, is preparing the launch of its initial public offering on the Frankfurt Stock Exchange, and has appointed a bank to lead the deal.
-
Biotie Therapies raised €83.3m in the first half of the year from the issue of convertible notes and from an initial public offering in the US, the company said on Thursday.
-
Pohjola Bank’s next capital markets issue will likely be a covered bond, meaning investors waiting for a euro tier two deal scheduled for June may have longer to wait.
-
The board of directors of SRV Group, the Finnish construction company, has decided on the terms of the firm’s €50m rights offering.
-
Pohjola Bank changed direction to issue tier two debt in Swedish kronor on Tuesday, after being kept out of the euro market in the second quarter.
-
SEB’s head of corporate finance will be leaving after nine years with the bank to work for a private equity firm in Stockholm, with SEB looking internally and externally to fill his job.
-
Swedbank’s sharp five year floater was the only FIG supply in euros this week, but bankers believe the market will only suffer a short summer drought before supply ramps up this month.
